Wednesday, 5 September 2012

NIFTY LEVELS

NIFTY LEVELS:(FOR 5-9-2012 TRADING) NIFTY touched day low of 5233 and closes above 50 days moving average  of 5260 yesterday. Majority of    BANKNIFTY STOCKS  CLOSES HIGHER YESTERDAY(8 OUT OF 12 STOCKS CLOSES HIGHER).MACD AND SMI AND RSI INDICATORS SHOWS BUY SIGNAL IN BANK NIFTY.

NIFTY BUY ABOVE 5275  TARGET 5298, 5320, 5340
NIFTY SELL BELOW 5240   TARGET 5218,5200,5178(NIFTY SPOT LEVELS).

BANKNIFTY FUTURES CURRENT MONTH BUY ABOVE  10056 TARGET 10130,10173,10210
BANKNIFTY FUTURES CURRENT MONTH SELL BELOW 9975 TARGET 9940,9919,9896
Disclaimer:These are my personal views and trade taken on these observation should be traded strict stop loss.

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